Skip to content
City PM
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
  • DE
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
  • DE
Wednesday 28 August 2019 8:52 pm

Swedbank appoints new CEO after money-laundering allegations

By: Jessica Clark

Add as a preferred source on Google

Swedbank has appointed a new chief executive as it attempts to rebuild confidence in the bank after it became embroiled in a money-laundering scandal.

Jens Henriksson, the chief executive of insurance group Folksam, will take over from interim boss Anders Karlsson who stepped in after Birgette Bonnesen was dismissed earlier this year. 

Read more: Swedbank proposes new board in bid to steady ship

The lender accepted the resignation of its chairman and lost more than a third of its market value after its Estonian business was caught up in money-laundering allegations. 

Sweden’s oldest retail bank admitted some failings in its money laundering processes in April and pledged to launch an internal investigation.

Recent allegations, reported by Swedish state broadcasters earlier this year, say the bank processed transactions worth up to €20bn a year from high-risk, mostly Russian non-residents through Estonia between 2010 and 2016.

Chairman Goran Persson said: “With Jens Henriksson, the bank will have a CEO who combines an experienced leadership, a strong communicative ability and a broad knowledge of the banking and financial industry”. 

Read more: Bill Browder lodges Swedbank money laundering complaint

Henriksson, who will take over the job “as soon as possible”, said his major task is to rebuild trust in the bank as well as develop its sustainability profile and digitalisation. 

The bank is being investigated by Swedish and Baltic financial watchdogs and is the subject of a probe in the US, where it could be hit with sanctions and fines.

Read more

Elliptic Intelligence Used by the FBI in Action Against Huione, the $134 Billion Criminal Marketplace and Money Laundering Operation

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

Trending Articles

  • Citroën 2CV returns as a £13,000 electric car, and the timing is no accident

  • The former African gold miner taking on the billionaire Issa brothers

  • Wimbledon: HMRC set to slap Sinner and Noskova with £1.6m tax bill

  • Barclays and Lloyds back calls to digitalise UK markets and unlock £33bn boost

  • Music tycoon Simon Cowell sued by prominent City lawyer

More from City PM

  • Elliptic Intelligence Used by the FBI in Action Against Huione, the $134 Billion Criminal Marketplace and Money Laundering Operation

    Business Wire
  • FCA lays out ‘landmark’ crypto clampdown

    Crypto
    IG has pursued a new deal in its bid to beef up its crypto capabilities
  • HSBC coughs up $25m over Australian scam failures

    Banking
    HSBC's Canary Wharf office.
  • ThetaRay Gamifies Financial Defense at Money20/20 Europe with a Compliance Twist on “Where’s Waldo”

    Business Wire
  • Santander Financial Crime Transformation Leader Joins ThetaRay to Drive Enterprise AI Adoption

    Business Wire
  • City law firm denies ties to KPMG Australia scandal

    Legal
    KPMG Australia office building exterior with modern glass architecture and corporate signage in a bustling business district.
  • Britain’s first sovereign AI model secures blue-chip backing as Starmer unveils £400m plan

    Tech
    Prime Minister Keir Starmer addressing media at a press conference podium, discussing current governmental policies and in...
  • Ditched by clients and Australian government: What is happening down under at KPMG?

    Big Four
    KPMG Australia office building exterior with modern glass architecture and corporate signage in a bustling business district.

City PM — European politics, business and analysis.

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Topics

  • Business
  • Markets
  • AI
  • Technology
  • Opinion
  • Energy

More

  • Politics
  • Economics
  • Fintech
  • Legal
  • Sport
  • Life

Company

  • About City PM
  • Editorial Policy
  • Corrections
  • Contact
  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 City PM · Published by CityPM Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
About · Editorial Policy · Corrections · Contact · Privacy · Facebook